Artemis Real Estate Purchases Jacksonville Class-A Community
Artemis Real Estate Partners expanded its portfolio through the acquisition of Grand Living at Tamaya, a Class-A seniors housing community in Jacksonville, Florida. The seller, Ryan Companies US, developed the asset in 2019 with Grand Living. The community features 137 independent and assisted living units, and 34 memory care units. It sits on 6.14 acres with 192,088 square feet and four stories. Grand Living at Tamaya is the only non-CCRC in the Mayo Clinic/Beaches submarket that offers IL, AL and MC services. It also offers a 90-day option for those wanting to spend winter months in Florida. After the last couple of months in the Northeast, who wouldn’t? Grand Living will... Read More »
Regional Operator Enters Kansas with CCRC Acquisition
A CCRC in Kansas recently sold to a growing regional operator. This transaction marks its entrance into the Kansas market. Evans Senior Investments handled the deal, identifying specific reimbursement and occupancy opportunities that an incoming operator could leverage to improve profitability. The process was competitive, and the undisclosed buyer ultimately paid $32 million, or $148,000 per bed/unit, to purchase the campus. T7 Capital previously announced that it arranged $27.2 million in financing from a commercial bank and mezzanine lender, plus a $1.5 million A/R line, for the acquisition of an asset with 74 independent living, 63 assisted living and 80 skilled nursing beds in... Read More »
Financing Supports Underperforming AL Acquisition
Helios Healthcare Advisors announced that it arranged acquisition financing for the buyer of an underperforming community in Marble Falls, Texas, that was operating at a cash-flow deficit. The asset was Marble Falls Assisted Living, a 25-unit assisted living community. Marcus & Millichap handled the sale. The borrower required a high-leverage financing structure that preserved its capital to fund anticipated operating losses and supported physical plant improvements. Helios structured a 100% loan-to-cost financing solution that provided the buyer with the flexibility needed to execute a turnaround strategy. Financing was provided by an Arkansas-based commercial bank. The loan carried a... Read More »
Pennsylvania SNFs Secure Bridge and Working Capital Financing
A few skilled nursing facilities in Pennsylvania secured bridge and working capital financing. MONTICELLOAM provided the $80 million financing, which includes up to a $75 million bridge loan and a $5 million working capital line of credit, with a 36-month initial term plus two six-month extensions. The loan proceeds will be used by the borrower, a Northeast-based SNF owner/operator with over 20 years of experience, to acquire the four facilities, fund the interest reserve and complete renovations at the assets, which comprise more than 520 licensed beds. Read More »
CareTrust Closes 2025 with 169 New Property Investments
CareTrust REIT came out with its fourth quarter and full-year 2025 earnings and is continuing on its growth trajectory. In Q4, the REIT added 19 properties to its portfolio, comprising 14 triple-net leased skilled nursing facilities, two triple-net leased seniors housing communities and three SHOP communities, all totaling $561.5 million in initial investments at a blended stabilized yield of 8.8%. CareTrust also divested 12 properties in the quarter, for proceeds of $75 million. The Q4 acquisitions brought the REIT’s 2025 new investments to 169 properties and $1.76 billion, at a blended stabilized yield of 8.6%. That includes $40.3 million of investments in its new SHOP strategy and... Read More »Schedule a demo
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